Quarterly report pursuant to Section 13 or 15(d)

Stock Incentive Plan (Tables)

v3.21.2
Stock Incentive Plan (Tables)
 6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
A summary of the stock option activity is as follows:
Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2020 3,516,484  $12.79  5.93 $ 25,718 
Granted 556,160  $20.23 
Exercised (545,912) $5.86 
Cancelled (126,171) $16.81 
Outstanding, June 30, 2021 3,400,561  $14.97  6.59 $ 27,868 
Exercisable, June 30, 2021 1,978,225  $13.57  4.97 $ 19,749 
Schedule of Weighted-Average Assumptions for Options Granted
The Company used the following weighted-average assumptions for options granted during the periods indicated:
June 30, 2021
Expected term (in years) 5.93
Expected volatility 58.91   %
Risk free rate 1.03   %
Expected dividends —   %
Summary of Stock Unit Activity
A summary of the status of non-vested RSUs/PSUs as of June 30, 2021 and the changes during the six months then ended are presented below:
Outstanding Stock Units
Stock Units Weighted-Average Fair Value at Date of Grant per Share Weighted Average Remaining Vesting Life Aggregate Intrinsic Value (in thousands)
Unvested December 31, 2020 1,782,905  $ 15.23  1.83 $ 31,825 
Granted 810,316  $ 20.68 
Released (139,145) $ 17.81 
Forfeited (181,673) $ 16.33 
Unvested June 30, 2021 2,272,403  $ 16.92  1.87 $ 49,107